Capital Advisors Ltd. LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 19.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 764 shares of the utilities provider’s stock after purchasing an additional 124 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in American Water Works were worth $106,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of American Water Works by 881.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock valued at $546,562,000 after buying an additional 3,327,352 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of American Water Works by 24.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock valued at $668,566,000 after buying an additional 878,951 shares in the last quarter. Groupama Asset Managment lifted its position in shares of American Water Works by 114.3% during the 1st quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock valued at $2,296,000 after buying an additional 802,639 shares in the last quarter. Nuveen LLC purchased a new position in shares of American Water Works during the 1st quarter valued at approximately $103,053,000. Finally, BROOKFIELD Corp ON lifted its position in shares of American Water Works by 2,486.6% during the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock valued at $84,246,000 after buying an additional 549,002 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.
American Water Works Trading Down 0.0%
Shares of AWK stock opened at $141.00 on Friday. The stock’s fifty day moving average is $140.93 and its two-hundred day moving average is $142.14. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The firm has a market capitalization of $27.51 billion, a P/E ratio of 25.41, a PEG ratio of 3.34 and a beta of 0.70. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50.
American Water Works Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works’s payout ratio is currently 59.64%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on AWK. UBS Group decreased their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. Argus increased their target price on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Mizuho increased their target price on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Barclays decreased their price objective on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a report on Thursday, July 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of American Water Works in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $143.57.
Get Our Latest Research Report on American Water Works
American Water Works Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.
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